Benefits Recap: Still Hooked

Jeffrey BuchbinderCFA, Chief Equity Strategist, LPL Financial

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IMPORTANT DISCLOSURES

This material is provided for general information only and is not intended to provide specific advice or recommendations to any individual. There can be no assurance that the views or strategies discussed are suitable for all investors or will produce positive results. Investing involves risk, including possible loss of capital. All economic forecasts presented may not develop as expected and are subject to change.

References to markets, asset classes and sectors are generally to the relevant market index. Indices are unmanaged statistical composites and cannot be invested directly. Index performance is not indicative of investment performance and does not reflect fees, expenses or sales charges. All performance referenced is historical and does not guarantee future results.

Any company names listed here are for educational purposes only and not an indication of commercial intent or a solicitation of their products or services. LPL Financial does not provide research on individual stocks.

All information is believed to come from reliable sources; however, LPL Financial makes no representations as to its completeness or accuracy.

The Standard & Poor’s 500 Index (S&P500) is a capitalization-weighted index of 500 stocks designed to measure the performance of the entire national economy through changes in the aggregate market value of 500 stocks representing all major industries.

The PE ratio (price to earnings ratio) is a measure of the price paid for a stock relative to the annual net income or profit earned by the company per share. This is a financial ratio used for valuation: a higher PE ratio means that investors pay more for each unit of net income, so the stock is more expensive compared to one with a PE ratio inferior.

Earnings per share (EPS) is the portion of a company’s earnings allocated to each share of common stock outstanding. EPS serves as an indicator of a company’s profitability. Earnings per share is generally considered the most important variable in determining the price of a stock. It is also a major element used to calculate the price/earnings valuation ratio.

All index data from FactSet.

This research material was prepared by LPL Financial LLC.

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